2026-03-05
11 分钟This is The Guardian.
Stock markets reacting really violently, steep falls around the world.
Iran has basically said that anything that passes through the strait is fair game.
They'll set it ablaze, I think was the phrase that they used.
It's effectively like the world's gas station and there's a huge queue outside it.
Nobody can get in, nobody can get out.
It feels like that.
A net result of all of this is you have a far more uncertain world.
And all that feeds through to higher prices.
War in the Middle East is sending shockwaves through the global economy.
But why does the price of oil and gas matter so much?
From the Guardian's Today in Focus, this is the latest with me, Noshinik Bhaal.
Joining me today is the Guardian's Head of Business, John Collingridge.
John, thank you so much for joining us.
We are now on day five of this war,
and from the perspective of the global economy, it doesn't look great, does it?
Now, you're our head of business,
so I'm hoping you're going to walk us through this in the most simplest terms,
but how have the markets been responding to all the turmoil in the Middle East?
What we've seen over the last few days